Gildan Activewear Sells HanesBrands Australia At EV Of ~A$700M (~$490M)
Transaction expected to close in H2 2026. The proceeds will be used to pay down a portion of the company’s outstanding debt, further accelerating a return to the midpoint of its target leverage framework of 1.5x to 2.5x
Gildan is selling its Australian clothing business for about $490 million and using that money to pay back loans it owes. This shows the company is working to get healthier by owing less money to banks.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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